Geo Energy Resources may list unit in Indonesia

Singapore

COAL producer Geo Energy Resources said in a regulatory filing on Tuesday that one of its mining subsidiaries has been "encouraged to pursue a listing" on the Indonesian Stock Exchange (IDX).

This is "in line with" the Indonesian government's plan to support its local stock market, Geo Energy said. The company had previously explored a dual listing of its shares on the Hong Kong Stock Exchange, but this was put on hold subject to market conditions.